Petrochemical Headlines
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Industries Qatar Shelves Multi Billion Dollar Petrochemicals Project
(Thursday, September 18, 2014) Industries Qatar, the Gulf's second-largest petrochemicals firm, said on Thursday it had put its multi billion dollar Al Sejeel petrochemical complex project on hold and was studying a new scheme instead that would yield better returns.

Shell, Motiva to Pay Back Wages to U.S. Workers -Labor Dept.
(Tuesday, September 16, 2014) Shell and its Motiva Enterprises joint-venture with Saudi Aramco have agreed to pay $4.5 million in back overtime wages to 2,677 current and former employees, the U.S. Department of Labor said on Tuesday.

Occidental in $190 Mln Settlement to Clean Up New Jersey River
(Tuesday, September 16, 2014) Occidental Chemical Corp has agreed to pay New Jersey $190 million as part of a settlement to clean up the polluted Passaic River, state officials announced on Monday.

Japan's Mitsui Restarts Naphtha Cracker After Repair
(Tuesday, September 16, 2014) Japan's Mitsui Chemicals Inc said on Tuesday it restarted the 612,000-tonne-per-year naphtha cracker at its Ichihara plant in Chiba, east of Tokyo, on Monday following repair work on an unspecified problem.

European Petchem Group's Re-branding: More Than A New Name
(Tuesday, September 16, 2014) DownstreamToday talks industry perceptions, shale gas and a revamped brand with executive director of Petrochemicals Europe.

Catalytic Processes Could Yield Alternatives to Refineries, Ethane Crackers
(Monday, September 15, 2014) Natural gas-based processes could be alternative for ethane crackers, oil refineries, California-based technology developer tells DownstreamToday.

Thai PTT and Saudi Aramco in Joint Vietnam Petrochemical Project
(Monday, September 15, 2014) Thai energy company PTT has joined with Saudi Aramco, the world's biggest oil producer, to submit a proposal to the Vietnamese government to build a $22 billion refinery and petrochemical complex in Vietnam, a senior PTT official said.

Taiwan's Formosa Inks Naphtha Term At A 10 Pct Lower Premium
(Thursday, September 11, 2014) Taiwan's Formosa Petrochemical Corp has inked a 12-month naphtha term contract starting December at a premium that is around 10 percent lower than its last deal, trade sources said on Thursday.

S.Korea Increases Emissions Cap in Proposed Carbon Trading Scheme
(Thursday, September 11, 2014) A cap on carbon dioxide emissions that South Korea expects to introduce as part of a carbon trading scheme will be around 3 percent larger than previously touted over the next three years, the government said on Thursday.

Chinese Firm to Use UOP Tech to Produce Isobutylene
(Thursday, September 11, 2014) Shandong Shouguang Luqing Petrochemical Co. Ltd. will use Honeywell's UOP C4 Oleflex process technology to produce isobutylene, a key ingredient for making high-octane fuel and synthetic rubber.

Koch's Invista Says New Nylon Pipe An Alternative for Oil Industry
(Wednesday, September 10, 2014) A unit of Koch Industries said on Wednesday it was introducing a new type of pipe made from nylon, as surging oil and gas output drives demand for new pipelines and concerns mount about the safety of older ones across North America.

Saudi Aramco, Sumitomo Chemical Invite Banks to Back JV Plant Expansion
(Wednesday, September 10, 2014) Saudi Arabia's PetroRabigh said on Wednesday its founding shareholders had formally invited banks to provide financing for the 32 billion riyal ($8.5 billion) expansion of its petrochemicals complex in the kingdom.

Japan's Idemitsu Shuts Naphtha Cracker for Turnaround
(Wednesday, September 10, 2014) Japan's Idemitsu Kosan Co said on Wednesday it shut the 687,000 tonnes per year naphtha cracker on Tuesday for a scheduled maintenance.

Momentive Expands Alberta Triazine Plant
(Wednesday, September 10, 2014) Momentive Specialty Chemicals supplies triazine products that are used for hydrogen sulfide (H2S) scavenging in crude oil, natural gas, liquefied natural gas, and SAGD (steam-assisted gravity drainage).

Shell's Refining Business Looks for Strength in Chemicals
(Tuesday, September 09, 2014) Royal Dutch Shell is betting on chemicals, lubricants and retail fuel sales to help it boost the performance of its downstream division where oil refining will remain a drag on earnings in many regions for years to come.

Chemical Firm Gets First Loan in China Using CO2 Permits As Collateral
(Tuesday, September 09, 2014) China's Industrial Bank said on Tuesday it has lent 40 million yuan ($6.5 mln) to a chemical company using carbon permits as collateral, showing firms are exploring new routes to funding amid a tightening of credit growth in the mainland.

Sasol Eyes Angola, Ghana and Tanzania Opportunities
(Monday, September 08, 2014) Sasol is eyeing potential expansion into Angola, Ghana and Tanzania but Mozambique remains its immediate focus in Africa, the South African petrochemicals company's chief executive said on Monday.

CHS to Build $3B Fertilizer Plant in North Dakota
(Friday, September 05, 2014) CHS Inc., the nation's leading farmer-owned cooperative and a global agriculture and energy business, announced Friday it will proceed with construction of a fertilizer manufacturing plant at Spiritwood, N.D.

Boardwalk to Acquire Evangeline Ethylene Pipeline from Chevron
(Thursday, September 04, 2014) The Evangeline system transports up to 2.6 billion pounds of ethylene per year between Port Neches, Texas, and Baton Rouge, La.

S.Africa to Put Pressure on ArcelorMittal, Sasol to Lower Prices
(Wednesday, September 03, 2014) South Africa will put pressure on steel producer ArcelorMittal SA and petrochemicals firm Sasol to reduce prices and help cut input costs in the steel, platinum and polymer industries by up to 15 percent, a government minister said.

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